Current Trends in the Development of the International Payments System of the Russian Federation

The article discusses current and promising directions of transformation of the foreign exchange market of the Russian Federation in the context of an acute phase of international economic and political confrontation and the implementation of unprecedented sanctions pressure on the national economy. The article pays special attention to the factors that have the greatest impact on the process of transformation and development of the Russian foreign exchange market and, in particular, the conduct of international payments in the implementation of foreign economic activity. Given the fact that in the modern structure of any developed national economy (as well as the global one), the foreign exchange market is one of its key segments that influence the entire trajectory of further development, it is extremely important to minimize risks and threats, both internal and external, especially those that interfere with the flexible adaptation of the system to rapidly changing conditions. The article also analyzes and identifies, in the author's opinion, the most effective methods and mechanisms of such adaptation to the conditions of the current «new reality».